Over £390bn held in funds will be able to access property vehicles under proposals
More than £390bn of retail assets in unit-linked funds will have a wider investment universe under FSA proposals. Meanwhile, the regulator is also consulting on changing the non-Ucits retail scheme (Nurs) rules to allow retail funds of hedge funds. On the unit-linked side, the authority will put in place higher level rules, replacing the current regime that has been in place for 13 years. This is in line with the wider objective of moving towards more principles-based regulation. These changes would allow investment in a wider range of assets while maintaining current levels of consumer ...
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